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For $500,001 - $1 million income earners: $14,812.
Super-rich elites making over $2.7 million will pay on average $443,910 more.
House and Senate provisions raise over $600 billion in new taxes over the next decade. Every worker is affected.
Tax code provisions got more complicated.
Fifty-two tax credits were extended. Most are for one year. New battles loom for further extensions.
Section 206 provides capital gains tax exemption for property contributed for conservation.
Section 312 offers faster tax deductions for motor sports and entertainment complexes.
Section 317 permits expensing film and television productions. Hollywood got what it wanted.
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